Yeah, exactly @dynofish, they can upgrade the resource estimate, progress offtake agreements with the Japanese and Koreans, get road funding etc and, then, when the share price is probably closer to $1.50, pay for Renard using equity (which has a potential x10 value on execution and none of the risk of building a new plant).
I topped up this morning.
Ann: Exclusive option to Acquire Renard Project, page-209
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